Whether you live in a minimalist apartment and get around on public transit, or own a big house with a two-car garage, you and your spouse probably own some amount of property, and if you're like most people, you have debts as well. If you're going through a divorce, you have to make decisions about how to divide your property and the debts. Emotions run high, and mistakes are made, sometime on purpose! We've all heard stories about the angry spouse that sold a house for $100 out of spite! Learn how to curb those emotions, and make sure you make a wise financial decision.

Ideally, you and your spouse will decide together how you want to divide the marital property--you'll have to decide things like whether one of you will keep the family home and buy out the other spouse's interest or whether you'll sell the house; who will keep the furniture and other tangible property; how you'll divide retirement assets that each of you has accrued through your work; and how to deal with marital debts. If you can't agree on these issues yourselves, you'll have to ask a judge to divide your property for you.